---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-24-002129"
form_type: "8-K"
ticker: "INTZ"
cik: "0000736012"
company_name: "INTRUSION INC"
filed_at: "2024-04-05T23:59:59+00:00"
generated_at: "2026-06-04T02:02:16.688702+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Intrusion settles derivative suit, exchanges preferred, reprices warrants

## Summary
- Court approved derivative lawsuit settlement on Apr 3; insurer pays $250K; governance changes for 3 years.
- Exchanged 91 Series A Preferred shares for 32,248 common shares valued at $100,100 with Streeterville.
- Board approved lowering exercise price of 1,212,593 Sep 2022 and 8,718,748 Nov 2023 warrants to $3.04.
- New warrants at $2.91 exercise price with 5-year term offered to exercising holders during Apr 2-23 window.
- Up to ~9.93M common shares issuable if all warrants exercised; potential cash inflow from exercises.

## SEC filing metadata
- accession: 0001683168-24-002129
- form_type: 8-K
- ticker: INTZ
- cik: 0000736012
- company_name: INTRUSION INC
- filed_at: 2024-04-05T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/736012/000168316824002129/0001683168-24-002129-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/736012/000168316824002129/intrusion_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-24-002129
- JSON: https://secwatch.observer/filing/0001683168-24-002129.json
- Plain text: https://secwatch.observer/filing/0001683168-24-002129.txt

## Key facts
- Material Agreements
  INTRUSION INC entered into Stipulation of Compromise and Settlement with Nathan Prawitt valued at $250,000 (effective 2024-04-03).
  - Action: entry
  - Agreement: settlement
  - Counterparty: Nathan Prawitt
  - Value: $250,000
  - Effective: 2024-04-03
  source text: On April 3, 2024, the Settlement Agreement was approved by the Court and judgment was entered consistent with the Settlement Agreement
  evidence_url: https://www.sec.gov/Archives/edgar/data/736012/000168316824002129/0001683168-24-002129-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.